Woodsboro Bank
SBA 7(a) Lending Profile · All Time analysis
Industry Focus
Top industries served by Woodsboro Bank · All Time
| NAICS | Industry | Loans | Volume | Avg Loan | Share |
|---|---|---|---|---|---|
| 441110 | New Car Dealers | 2 | $623K | $311K | 10.0% |
| 621210 | Offices of Dentists | 2 | $315K | $158K | 10.0% |
| 334220 | Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing | 1 | $150K | $150K | 5.0% |
| 812990 | All Other Personal Services | 1 | $65K | $65K | 5.0% |
| 441120 | Used Car Dealers | 1 | $75K | $75K | 5.0% |
| 621112 | Offices of Physicians, Mental Health Specialists | 1 | $100K | $100K | 5.0% |
| 713940 | Fitness and Recreational Sports Centers | 1 | $210K | $210K | 5.0% |
| 445110 | Supermarkets and Other Grocery Retailers (except Convenience Retailers) | 1 | $375K | $375K | 5.0% |
| 541430 | Graphic Design Services | 1 | $105K | $105K | 5.0% |
| 811121 | Automotive Body, Paint, and Interior Repair and Maintenance | 1 | $437K | $437K | 5.0% |
Geographic Distribution
SBA lending activity for Woodsboro Bank by state
| State | Loans | Volume | Share |
|---|---|---|---|
| Maryland (MD) | 20 | $3.8M | 100.0% |
Why Choose Woodsboro Bank?
Based on SBA 7(a) lending track record from 1996-2016
- ✓Proven Track Record: 20 SBA loans approved, totaling $3.8M in financing
- ✓Industry Expertise: Specialized focus on New Car Dealers, Offices of Dentists, Radio and Television Broadcasting and Wireless Communications Equipment Manufacturing
- ✓Competitive Terms: Average interest rate of 6.39% with flexible term lengths averaging 97 months
- ✓Loan Range: Loan sizes from $65K to $500K, with an average of $189K
- ✓Nationwide Reach: Active lending in 1 states, with strong presence in MD
Note: Approval and terms are subject to SBA and lender requirements. This profile is based on historical data and does not guarantee future lending decisions.
Frequently Asked Questions
Common questions about Woodsboro Bank SBA lending
What types of businesses does Woodsboro Bank typically finance?
Woodsboro Bank specializes in SBA 7(a) lending to specific industries including new car dealers, offices of dentists, radio and television broadcasting and wireless communications equipment manufacturing, all other personal services. They have developed expertise in these sectors and understand the unique financial characteristics of each industry.
What are Woodsboro Bank's typical SBA loan terms?
Woodsboro Bank's SBA 7(a) loans typically feature an average interest rate of 6.39% and average term length of 97 months (approximately 8 years). Loan sizes range from $65K to $500K, with an average loan size of $189K.
Do I need a business valuation for a Woodsboro Bank SBA loan?
Yes, Woodsboro Bank typically requires a professional business valuation for SBA loans over $250,000 or for change-of-ownership transactions. A certified valuation helps establish the purchase price, loan amount, and ensures SBA compliance. The valuation typically costs $5,000-$15,000 depending on business complexity.
How does Woodsboro Bank compare to other SBA lenders?
Woodsboro Bank has originated 20 SBA loans totaling $3.8M since 1996. They distinguish themselves through industry specialization and expertise in their focus sectors. Compare their rates and terms with other lenders in our Commercial Lending Directory.
What states does Woodsboro Bank lend in?
Woodsboro Bank provides SBA 7(a) financing with particularly strong presence in MD. Based on their lending history, they have experience with diverse state-specific business regulations and licensing requirements.
Research Your Target Industry Before Applying
Before applying for SBA financing, research your industry's typical loan sizes, approval rates, and specialized lenders. Understanding industry-specific financing patterns can help you find the right lender and strengthen your application.
Our industry research reports provide comprehensive intelligence for 1,000+ industries including financial benchmarks, growth trends, financing patterns, and which lenders are most active in your sector.
Explore Industry Reports →Need a Business Valuation?
Certified valuations are often required for SBA loans over $250,000.
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